1st CREDAI Telangana Reality Awards “CREATE” – 2017 announced

Aims to recognize the best
real estate projects based on design, innovation and execution across the
Telangana State

Hyderabad 14th November,
2017:

The Confederation of Real
Estate Developers Association ofIndia (CREDAI) Telangana is
organizing CREDAI Telangana Reality Awards, “CREATE – 2017” to
promote and recognize its members for outstanding contribution to the real
estate sector during the last financial year. CREATE-2017(CREDAI
Real Estate Awards for Telangana) is a platform by CREDAI Telangana, under
whose aegis different awards would be given to the members who have exhibited
excellence in different facets of real estate activity.

CREATE 2017 will be the
first of its kind award which recognizes the excellence in different facets if
Real Estate all over Telangana State including members from Hyderabad and other
district chapters of Warangal, Karimnagar, Nizamabad, Khammam, Mehboobnagar and
Kothagudem. The renowned research and rating agency, CRISIL has been appointed
as the knowledge partner for CREATE 2017.

Telangana real estate has
been on an upswing and Hyderabad realty has been also growing over the last 2
years. The consumer demand has picked up in the last 2-3 months leading
to better appreciation in many locations. Strong performance and growth
have boosted investor confidence, and encouraged new projects across the
market. The state is also witnessing rapid absorption of the commercial real
estate, with increased interest from corporate clients who are confident to
enter and expand in this lucrative market. CREATE 2017 is an initiative to
recognise all those who have contributed to this success and growth.

Speaking on the occasion Mr.
G Ram Reddy, President,CREDAI Telangana said, “CREDAI is
the voice of the real estate sector and works closely with the Government in
the formulation of the policies and guidelines for the real estate sector both
at state and national level. Telangana State is a progressive state with a
proactive government which is rated amongst the best in ensuring ease of doing
business. The real estate sector in the state is a growth engine as an income
and employment provider and multiplier for the state. CREDAI members are
contributing to 90% of the real estate activity in the state and are working
closely with the government to drive the growth. In spite of multiple policy
changes like implementation of RERA, GST, we are still doing a great job by
providing best in class construction at affordable pricing. Keeping in view the
excellence in different aspects of construction, we have decided to recognize
and reward the best developers (CREDAI members) in the state with the 1st edition
of CREATE 2017- Credai Telangana Realty awards. The CREATE 2017 Awards ceremony
will be held on December 15, 2017. The Function will be gathering of over
250 distinguished guests, senior bureaucrats, bankers, developers, suppliers
and others.”

Adding to this Mr.Ch.
Ramchandra Reddy, General Secretary, CREDAI Telangana said, “We are
pleased to announce the 1st edition of CREDAI Real Estate
Telangana Awards “CREATE“2017. The developer members of CREDAI Telangana across
the 7 chapters can participate in the awards and nominate themselves to any of
the 9 categories . Apart from these 9 categories we also have a “Lifetime
achievement award“ for outstanding contribution in shaping up the real estate
sector in Telangana State. The nominations will be reviewed by the jury and the
most deserving participants will be awarded at the CREATE 2017 award
ceremony planned on 15thDecember 2017. We hope to receive the nominations
from all our members across the state for the awards.”

The Award Categories are:

1.Apartment
projects above 20 units

2.Apartment
projects below 20 units

3.Apartment
projects upto 40 Lakhs

4.Apartment
projects costing above 40 Lakhs and upto 70 lakhs

5.Apartment
projects above 70 Lakhs

6.Villas
and Row Houses

7.Office/
Commercial Complex & Shopping Mall

8.Plotted
Development

9.Best
CSR activity by a Developer

Adding to this Mr.
S Ram Reddy, President CREDAI Hyderabad said, “This is a great
initiative to bring all the real estate developers in the state of Telangana on
a common platform and recognize them for their efforts in driving the growth of
the real estate sector in the state. The categories for awards are designed in
such a way that all members get a fair chance to compete in the respective
categories, giving all members an opportunity to showcase their work
irrespective of the size and quantum of their projects. CREATE 2017 will
effectively highlight the acumen of the real estate developers in the state,
who are innovating and leveraging technology to provide best quality housing in
the state”